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Big Bank Rating | Damo: It is expected that this year's beverage business growth will improve and reduce the target prices of Master Kong, Unification and Chinese food
Glonghui, April 17 | Morgan Stanley released a report on the Mainland's food and beverage industry, indicating that with the recovery in tourism demand, the beverage business growth will improve this year. Benefiting from falling raw material costs, profit margins will increase, but the year-on-year increase will be small. Compared to unification, the bank favors Master Kong. The bank believes that unification is facing challenges including slow recovery in demand for noodles; if palm oil prices rise, profit margins in the noodle business will be under pressure; and there are no plans to raise prices. However, the market has fully considered Master Kong's downside risks and made conservative predictions. Furthermore, the bank indicates that the valuation of Chinese food is reasonable, and the performance of the carbonated beverage business will continue to be a major concern
Master Kong Holdings (00322): Masaya Tochio was appointed as an independent non-executive director
Master Kong Holdings (00322) announced that Mr. Hiroshi Fukada has resigned as an independent non-executive director and audit committee and salary...
Express News | Master Kong's ice tea price increase, the company has yet to respond
Master Kong Holdings (0322.HK) Research Report: Stable revenue and profitability recovery, looking forward to continuing to expand the scale advantage in 24 years
Incident: The company disclosed its 2023 annual results announcement, which achieved revenue of RMB 80.418 billion (YOY 2.16%) and net profit of RMB 3.117 billion (YOY 18.43%). Furthermore, the company 23
Big Bank Ratings|J.P. Morgan Chase: Maintaining Master Kong's “Gain” Rating and I believe it is a high-return defensive choice
Glonghui, April 2 | J.P. Morgan Chase released a report saying that Master Kong's sales increased by 2.2% last year, while profit rose 18.4%. Both fell short of market expectations, mainly due to the slowdown in beverage sales, and its EBIT fell 45% year-on-year in the second half of the year. It was a surprise that the EBIT of instant noodles increased by 52% year-on-year in the second half of the year. As the promotion strategy did not work as well as ideal, investment costs turned up moderately, and the company plans to reduce promotion and re-invest in new products. The company aims to increase sales by medium to high units this year and increase net profit margin. The bank expects the company's sales and profit to increase by 6% and 14% respectively this year, and plans to maintain the long-term trend
Master Kong Holdings (0322.HK): Stable revenue and profitability recovery, looking forward to continuing to expand its scale advantage in 24 years
Incident: The company disclosed its 2023 annual results announcement, which achieved revenue of RMB 80.418 billion (YOY 2.16%) and net profit of RMB 3.117 billion (YOY 18.43%). Furthermore, the company 23
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